HUD Handbook 4000.1 II.D.6.a: Definitions

Document
HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook
Section date
Version in Zeitro Strata
Where
pages 878–879 of 1872

Page 878

a. Definitions (10/15/2019)

Condominium Project refers to a project in which one-family Dwelling Units are attached, semi-detached, or detached, or are Manufactured Home units, and in which owners hold an undivided interest in Common Elements.

Common Elements refer to the Condominium Project’s common areas and facilities including underlying land and buildings, driveways, parking areas, elevators, outside

Page 879

II. ORIGINATION THROUGH POST-CLOSING/ENDORSEMENT D. Appraiser and Property Requirements for Title II Forward and Reverse Mortgages
6. Condominium Projects

hallways, recreation and landscaped areas, and other elements described in the condominium declaration.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.